'Palm' pid='22805' datel Wrote:CF, no math. It's showing the nr of shares and the pps he bought them at. The 7 million amounts are the total shares he now owns after each buy. The real math is that he is just over 16% ownership now. He made these purchases last week on May 16 and May 17. Very interesting. Think about the recent corp resolutions IOC enacted. Will be interesting to see if he continues and approaches the next key level of 20% ownership.

Please remind me what is the significance of a shareholder owning more than 15% of the outstanding shares. Thanks.

'Tree' pid='22819' datel Wrote:

'Gator' pid='22818' dateline='<a href="tel:1369236 Wrote:He bought an additional 134,000 yesterday 5/21 @ $93.07 Total holdings 7,979,011

doesnt he read gefvert and spiekerman???  Tragic development.

He must not get the Motley Fool either.  How does someone with some much money stay so uninformed?

I have pondered adding more shares. At $1/mcf, Pavel's NAV is $100 and that does not account for the value of the future prospects. And while I expected something close to the $1.20/mcf average price of the region, I truly believe the extended discussions will result in a better and more comprehensive deal. We know Exxon, Total, Shell, JKM, and Pertamina are/ have been invloved in discussions. Oil Search and PRE are involved in Triceratops exploration efforts and who knows what Farm-Ins may get done for PPL 236 & 238. I see tremendous risk reduction (including Phil's retirement) and now Chandler is buying at $93. Presumably, he sees a lot more upside from here. So add I will. Additionally, I have not been overly concerned with timing. I do believe the "pot has been sweetened" with the extended negotiations. However, I can't imagine IOC will want to go into the Annual Meeting without a completed deal. Perhaps I'm wrong but I also know there is instituational heat/encouragement to get a deal done before the end of Q2.